Middle East and Africa Offshore Pipeline Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Diameter (More than 24 inches and Less than 24 inches), Line Type (Export Line, Transport Line, and Others), and Product (Oil, Gas, and Refined Products)
The MEA offshore pipeline market is expected to grow from US$ 1,399.63 million in 2019 to US$ 1,680.77 million by 2027; it is estimated to grow at a CAGR of 2.5 % from 2020 to 2027.
The Saudi Arabia, UAE, and South Africa are major economies in MEA. Finding of new oil and gas reserves across MEA region is expected to escalate the MEA offshore pipeline market. The new oil & gas reserves findings have been witnessing exponential growth across MEA region. Some of the recent finding across MEA region include the discovery of two oil & gas fields by Saudi Aramco in the northern parts of Saudi Arabia in August 2020. In September 2020, Equinor announced the discovery of new oil & gas fields at the Swisher prospect. Furthermore, in October 2020, Total and its partners announced to evaluate several development options for commercializing a new gas and condensate discovery in South Africa. Such discoveries of new offshore oil & gas reserves are expected to boost the construction of new plants and requirements for new offshore pipelines for cross-border transmission, thereby boosting the MEA offshore pipeline market. Other factors such as improvements and advancements in flexible pipe technology are also expected to increase the demand of offshore pipelines, which will drive the MEA offshore pipeline market.
Furthermore, in case of COVID-19, MEA is highly affected specially the Saudi Arabia and Iran. The COVID-19 pandemic has negatively affected the overall oil & gas industry owing to considerable disruption in the industry supply chain activities coupled with the several countries across MEA region sealing off their international trade in wake of the pandemic. The MEA region especially the GCC countries witnessed a notable decline in their oil & gas sector owing to sharp decline in demand of oil from major end-user countries across Asia, Europe and North American regions as a result, the countries registered a lowered volume of oil production as well as construction of oil & gas related projects and subsequently the demand for offshore pipelines. Countries such as Saudi Arabia, UAE, Qatar and selected other members of OPEC countries also observed similar trends during the early months of the pandemic outbreak. The coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation in the countries like the Saudi Arabia and Iran will impact the offshore pipeline market growth of the MEA region negatively for the next few quarters.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA offshore pipeline market. The MEA offshore pipeline market is expected to grow at a good CAGR during the forecast period.
MEA Offshore Pipeline Market Segmentation
MEA Offshore Pipeline Market – By Diameter
- More than 24 inches
- Less than 24 inches
MEA Offshore Pipeline Market – By Line Type
- Export Line
- Transport Line
- Others
MEA Offshore Pipeline Market – By Product
- Oil
- Gas
- Refined Products
MEA Offshore Pipeline Market, by Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
MEA Offshore Pipeline Market - Companies Mentioned
- Bechtel Corporation
- Fugro
- John Wood Group PLC
- Larsen & Toubro Limited
- McDermott International, Inc.
- Petrofac Limited
- Saipem S.p.A
- Sapura Energy Berhad
- Subsea 7 S.A.
- TechnipFMC plc
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Offshore Pipeline Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Offshore Pipeline Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalation in Demand for Natural Gas and Crude Oil
5.1.2 Prerequisite for Safe, Cost-Effective, and Efficient Connectivity
5.2 Market Restraints
5.2.1 Cross- Border Pipeline Transportation Difficulties
5.3 Market Opportunities
5.3.1 Finding New Oil & Gas Reserves
5.4 Future Trends
5.4.1 Improvements in Flexible Pipe Technology
5.5 Impact Analysis of Drivers and Restraints
6. Offshore Pipeline Market– MEA Analysis
6.1 MEA Offshore Pipeline Market Overview
6.2 MEA Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Market Players Ranking
7. MEA Offshore Pipeline Market Analysis – By Diameter
7.1 Overview
7.2 MEA Offshore Pipeline Market, By Diameter (2019 and 2027)
7.2.1 Overview
7.2.2 More than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
7.3 Less than 24 inches
7.3.1 Overview
7.3.2 Less than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
8. MEA Offshore Pipeline Market Analysis – By Line Type
8.1 Overview
8.2 MEA Offshore Pipeline Market, By Line Type (2019 and 2027)
8.3 Export Line
8.3.1 Overview
8.3.2 Export Line: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Transport
8.4.1 Overview
8.4.2 Transport: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
9. MEA Offshore Pipeline Market Analysis – By Product
9.1 Overview
9.2 MEA Offshore Pipeline Market, By Product (2019 and 2027)
9.3 Oil
9.3.1 Overview
9.3.2 Oil: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
9.4 Gas
9.4.1 Overview
9.4.2 Gas: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
9.5 Refined Products
9.5.1 Overview
9.5.2 Refined Products: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10. MEA Offshore Pipeline Market – Country Analysis
10.1 Overview
10.1.1 MEA: Offshore Pipeline Market, by Key Country
10.1.1.1 Saudi Arabia: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.1.1 Saudi Arabia: Offshore Pipeline Market, by Diameter
10.1.1.1.2 Saudi Arabia: Offshore Pipeline Market, by Line Type
10.1.1.1.3 Saudi Arabia: Offshore Pipeline Market, by Product
10.1.1.2 UAE: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.2.1 UAE: Offshore Pipeline Market, by Diameter
10.1.1.2.2 UAE: Offshore Pipeline Market, by Line Type
10.1.1.2.3 UAE: Offshore Pipeline Market, by Product
10.1.1.3 South Africa: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.3.1 South Africa: Offshore Pipeline Market, by Diameter
10.1.1.3.2 South Africa: Offshore Pipeline Market, by Line Type
10.1.1.3.3 South Africa: Offshore Pipeline Market, by Product
10.1.1.4 Rest of MEA: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
10.1.1.4.1 Rest of MEA: Offshore Pipeline Market, by Diameter
10.1.1.4.2 Rest of MEA: Offshore Pipeline Market, by Line Type
10.1.1.4.3 Rest of MEA: Offshore Pipeline Market, by Product
11. Impact of COVID-19 Pandemic on MEA Offshore Pipeline Market
11.1 MEA: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Bechtel Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Fugro
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 John Wood Group PLC
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Larsen & Toubro Limited
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 McDermott International, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Petrofac Limited
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Saipem S.p.A.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Sapura Energy Berhad
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Subsea 7 S.A.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 TechnipFMC plc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. MEA Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. Saudi Arabia: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 3. Saudi Arabia: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 4. Saudi Arabia: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 5. UAE: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 6. UAE: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. UAE: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 8. South Africa: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 9. South Africa: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 10. South Africa: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 11. Rest of MEA: Offshore Pipeline Market, by Diameter –Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of MEA: Offshore Pipeline Market, by Line Type –Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of MEA: Offshore Pipeline Market, by Product –Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Offshore Pipeline Market Segmentation
Figure 2. MEA Offshore Pipeline Market Segmentation – By Country
Figure 3. MEA Offshore Pipeline Market Overview
Figure 4. MEA Offshore Pipeline Market Outlook
Figure 5. MEA Offshore Pipeline Market – Diameter Analysis
Figure 6. MEA Offshore Pipeline Market – Line Type Analysis
Figure 7. MEA Offshore Pipeline Market – Product Analysis
Figure 8. MEA Offshore Pipeline Market – Country Analysis
Figure 9. MEA: PEST Analysis
Figure 10. MEA Offshore Pipeline Market – Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. MEA Offshore Pipeline Market Impact Analysis of Drivers and Restraints
Figure 13. MEA: Offshore Pipeline Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. MEA Offshore Pipeline Market Revenue Share, by Diameter (2019 and 2027)
Figure 15. MEA More than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. MEA Less than 24 inches: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. MEA Offshore Pipeline Market Revenue Share, by Line Type (2019 and 2027)
Figure 18. MEA Export Line: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. MEA Transport: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. MEA Others: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. MEA Offshore Pipeline Market Revenue Share, by Product (2019 and 2027)
Figure 22. MEA Oil: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. MEA Gas: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. MEA Refined Products: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 25. MEA: Offshore Pipeline Market Revenue Share, by Key Country (2019 and 2027)
Figure 26. Saudi Arabia: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 27. UAE: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. South Africa: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Rest of MEA: Offshore Pipeline Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in MEA Country Markets
Some of the leading companies are:
- Bechtel Corporation
- Fugro
- John Wood Group PLC
- Larsen & Toubro Limited
- McDermott International, Inc.
- Petrofac Limited
- Saipem S.p.A
- Sapura Energy Berhad
- Subsea 7 S.A.
- TechnipFMC plc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA offshore pipeline market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA offshore pipeline market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the offshore pipeline market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution